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The Accounting Podcast

The Accounting Podcast

By: Blake Oliver & David Leary
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The Accounting Podcast (formerly the Cloud Accounting Podcast) is the world's #1 accounting, bookkeeping, and tax podcast! Join us weekly for a roundup of accounting news, analysis, and interviews. Plus, earn free NASBA-approved CPE credits for listening with the Earmark app. Learn more at https://earmarkcpe.com.© 2023 Earmark Media LLC Politics & Government
Episodes
  • What CBIZ Means for PE, Starbucks Kills Off AI Inventory Counting

    What CBIZ Means for PE, Starbucks Kills Off AI Inventory Counting
    Jun 5 2026
    Is private equity betting on the wrong accounting firms? Blake and David break down CBIZ’s stock slide, why investors may be losing faith in the traditional firm model, and how AI could help smaller firms compete far above their size. They also cover Starbucks ditching AI inventory counts, Microsoft reining in AI tool costs, and what all of it means for accountants navigating automation, pricing, and the future of firm growth.SponsorsCanopy - http://accountingpodcast.promo/canopyOnPay - http://accountingpodcast.promo/onpayC&R Consulting - http://accountingpodcast.promo/cnrMaxima.AI - http://accountingpodcast.promo/maximaChapters(00:00) - TAP 490(02:53) - CBIZ Stock Slide(06:13) - AI Threat to Firm Models(11:32) - EisnerAmper Anti AI Take(15:42) - Livestream Shoutouts(16:13) - New England CPA Society Merge(20:42) - Starbucks Kills AI Inventory(23:34) - NASBA Exam Data Mess(26:34) - Phoenix Call Center Jobs and AI(28:36) - Will AI Really Kill Jobs(31:09) - Spreadsheets Then AI Now(33:07) - Automation Enables CFO Services(35:08) - Microsoft AI Token Shock(36:31) - Managing Token Spend(39:27) - AI Architect Role(43:36) - Trump IRS Settlement Reopened(45:04) - Beneficial Ownership Bill(45:52) - Newsom 100% Tax Threat(46:57) - KPMG Australia Whistleblower(49:35) - Xero Force No Code Agents(54:03) - Xero Earnings Melio Impact(59:03) - Vibe Coding Real Examples(01:02:35) - Wrap Up Earmark CPE Show NotesWhat Can We Learn from CBIZ?https://www.accountingtoday.com/opinion/what-can-we-learn-from-cbizEisnerAmper on Accounting for AIhttps://www.privatefundscfo.com/eisneramper-on-accounting-for-ai/State Societies Merge to Form New England Society of CPAshttps://www.accountingtoday.com/news/state-societies-merge-to-form-new-england-society-of-cpasStarbucks Kills Off Its Automated Counting AI Tool After Just 9 Monthshttps://www.goingconcern.com/starbucks-kills-off-its-automated-counting-ai-tool-after-just-9-months-because-it-sucked-at-counting/NASBA's CPA Exam Reporting Problems Are Improving, But Not Solvedhttps://www.accountingtoday.com/opinion/nasbas-cpa-exam-reporting-problems-are-improving-but-not-solvedPhoenix Built an Empire of Cubicle Jobs. AI Is Coming to Tear It Down.https://www.wsj.com/economy/jobs/phoenix-jobs-ai-call-centers-1ca1c3b3Why the A.I. Job Apocalypse (Probably) Won't Happenhttps://www.nytimes.com/2026/05/03/opinion/ai-jobs-unemployment.htmlMicrosoft Cut Its Engineers Off from AI Because the Bill Got Too Bighttps://fortune.com/2026/05/22/microsoft-ai-cost-problem-tokens-agents/Does Your Firm Need an AI Architect?https://www.accountingtoday.com/opinion/does-your-firm-need-an-ai-architectJudge Reopens Trump's $10 Billion IRS Lawsuithttps://www.notus.org/donald-trump/trump-irs-suit-investigate-collusionNewsom Vows California Will Impose 100% Tax on Trump's Anti-Weaponization Fundhttps://abc7.com/post/newsom-vows-california-will-impose-100-tax-trumps-18-billion-anti-weaponization-fund/19188298/AICPA Backs Bill Limiting Beneficial Ownership Reportinghttps://www.accountingtoday.com/news/aicpa-backs-bill-limiting-beneficial-ownership-reportingKPMG Australia CEO Andrew Yates Resigns Amid Whistleblower Scandalhttps://www.internationalaccountingbulletin.com/news/kpmg-australia-ceo-andrew-yates-resigns-amid-whistleblower-scandal/Xero FY26 Result: Revenue Surges 31% but Profit Dips Due to Melio Acquisition Costshttps://www.fool.com.au/2026/05/14/xero-fy26-result-revenue-surges-31-but-profit-dips-due-to-melio-acquisition-costs/Need CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring The Accounting Podcast? For details, read the prospectus.Need Accounting Conference Info? Check out our new website - accountingconferences.comLimited edition shirts, stickers, and other necessitiesTeePublic Store: http://cloudacctpod.link/merchSubscribeApple Podcasts: http://cloudacctpod.link/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser:
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    1 hr and 7 mins
  • Intuit Stock Gets Hammered & Trump's Wild IRS Settlement

    Intuit Stock Gets Hammered & Trump's Wild IRS Settlement
    May 29 2026
    Is AI about to break the billable hour? Blake and David unpack what they heard at a major AI tax summit, where new tools promise to prepare complex returns in minutes instead of hours. They also debate Intuit’s stock slide, Trump’s extraordinary IRS settlement, and what shrinking oversight at the PCAOB could mean. You’ll hear where AI is already changing accounting—and where humans still matter most.SponsorsCloud Accountant Staffing - http://accountingpodcast.promo/casThe Value Builder System - http://accountingpodcast.promo/valueOnPay - http://accountingpodcast.promo/onpayMaxima. AI - http://accountingpodcast.promo/maximaChapters(00:00) - TAP 489(02:24) - Blackor AI Tax Summit(03:14) - AI Agents Disrupt Tax(07:16) - Billable Hour Pressure(09:00) - Advisory Future Forecast(10:14) - Intuit Stock Shock(12:29) - TurboTax vs Tax Pros(17:31) - Intuit Layoffs Strategy(20:04) - Trump IRS Settlement(24:59) - PCAOB SEC Shakeup(27:33) - OnPay Payroll Pitch(28:42) - IRS Mystery Payments(30:48) - Busy Season Burnout(33:35) - California SaaS Tax Plan(34:54) - Big Four AI Hallucinations(36:48) - Are Consultants Replaceable(40:03) - AI Job Loss Chart(43:50) - Maxima Close Automation(45:12) - Musk Tax Return Training(46:03) - SpaceX IPO Breakdown(50:11) - CPE and Listener Q&A(52:51) - Wrap Up and Shoutouts Show NotesIntuit Lays Off 3,000 Employees Amid AI Pushhttps://officechai.com/ai/intuit-lays-off-3000-employees-amid-ai-push/U.S. Government Agrees to Drop Tax Claims Against Trump in Broadening of IRS Settlementhttps://www.npr.org/2026/05/19/g-s1-122938/irs-trump-settlement-tax-returns-auditDOJ Settlement 'Forever' Bars IRS Trump Audits, Sparks Backlashhttps://tax.thomsonreuters.com/news/doj-settlement-forever-bars-irs-trump-audits-sparks-backlash/U.S. Audit Watchdog Should Rescind Its Independence Rules, SEC Official Sayshttps://www.securitiesdocket.com/2026/05/08/u-s-audit-watchdog-should-rescind-its-independence-rules-sec-official-says-wsj/The SEC's New SOX Group – Potential Impacts for Audit Firms, Their Professionals, and Future PCAOB Enforcementhttps://www.kslaw.com/news-and-insights/the-secs-new-sox-group-potential-impacts-for-audit-firms-their-professionals-and-future-pcaob-enforcementIRS to Develop System to Track Missing Payments, TIGTA Sayshttps://www.thetaxadviser.com/news/2026/may/irs-to-develop-system-to-track-missing-payments-tigta-says/78% of Tax Pros Say Tax Season Negatively Impacts Personal and Professional Lifehttps://www.cpapracticeadvisor.com/2026/05/26/78-of-tax-pros-say-that-tax-season-negatively-impacts-personal-professional-life/183912/California Proposes Tax on All Digital Software Saleshttps://www.techtimes.com/articles/316734/20260516/californias-725-saas-tax-would-hit-every-business-running-microsoft-salesforce-workday.htmEY Gets Busted and Yeets Cybersecurity Report Littered With AI Hallucinationshttps://www.goingconcern.com/ey-gets-busted-and-yeets-cybersecurity-report-littered-with-ai-hallucinations/Investigation: Hallucinations in Ernst & Young Report on Loyalty Fraudhttps://gptzero.me/investigations/eyIs AI Putting Graduates Out of Work Already?https://www.economist.com/finance-and-economics/2025/03/27/is-ai-putting-graduates-out-of-work-alreadyMusk's xAI Fails to Pay Staff $420 for Giving Tax Returns to Grokhttps://www.bloomberg.com/news/articles/2026-05-18/musk-s-xai-promised-staff-420-for-their-tax-returns-hasn-t-paidSpaceX Files for IPOhttps://spacenews.com/spacex-files-for-ipo/Need CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring The Accounting Podcast? For details, read the prospectus.Need Accounting Conference Info? Check out our new website - accountingconferences.comLimited edition shirts, stickers, and other necessitiesTeePublic Store: http://cloudacctpod.link/merchSubscribeApple Podcasts: http://cloudacctpod.link/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser:
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    55 mins
  • Is GAAP Inflating the AI Bubble?

    Is GAAP Inflating the AI Bubble?
    May 26 2026
    Is AI really the next Google—or are investors repeating the last tech bubble? Blake and David dig into OpenAI’s legal win, the accounting mechanics behind soaring AI valuations, and why cloud credits and paper gains may be inflating the market. They also explore what could make AI tools actually sticky for businesses, from workflow automation to personal finance and small-business use cases, and what all of this means for accountants.SponsorsDigits - http://accountingpodcast.promo/digitsR.E. Cost Seg - http://accountingpodcast.promo/recostsegOnPay - http://accountingpodcast.promo/onpay Maxima.AI - http://accountingpodcast.promo/maximaChapters(00:00) - TAP 488(00:22) - Cash Flow Forecast Debate(00:29) - Road Show Updates(00:56) - Conference Rebrand News(01:31) - Nasdaq AI Summit Preview(04:29) - Livestream Check In(05:14) - Musk vs OpenAI Ruling(07:25) - AI Bubble Warning Signs(10:47) - Roundtrip Accounting Explained(15:38) - Paper Profits Hit Big Tech(18:28) - Do AI Giants Have Moats(27:15) - ChatGPT Personal Finance Push(30:54) - Agentic App Platforms(31:44) - Query Volume As Moat(33:00) - Claude Small Business Suite(35:20) - Cash Flow Forecast Debate(37:02) - AI Tax Workbook Example(41:03) - Personal Finance Is A Hobby(44:14) - Synthetic And Bench Lessons(47:16) - Why GLs Still Matter(50:43) - Klarna Rehires Humans(52:45) - Token Prices Will Rise(54:07) - Wrap Up And Next Time Show NotesJury Dismisses Elon Musk's Lawsuit Against OpenAI Over Statute of Limitationshttps://www.technologyreview.com/2026/05/18/1137488/elon-musk-suit-openai-verdict/OpenAI Closes $122 Billion Funding Round, Largest in Silicon Valley Historyhttps://siliconangle.com/2026/03/31/openai-just-closed-record-breaking-122b-funding-round-brings-value-852b/Alphabet and Amazon Stakes in Anthropic Boost Profits by Billionshttps://www.bloomberg.com/news/articles/2025-10-31/alphabet-amazon-stakes-in-anthropic-boost-profit-by-billionsHalf of Google's and Amazon's 'Blowout AI Profits' Came From a Stake in Anthropichttps://fortune.com/2026/04/30/google-amazon-ai-profits-anthropic-stake-bubble-earnings-2026/What Microsoft's 10-Q Says About OpenAIhttps://om.co/2026/05/01/what-microsofts-10-q-says-about-openai/OpenAI Launches ChatGPT for Personal Finance, Will Let You Connect Bank Accountshttps://techcrunch.com/2026/05/15/openai-launches-chatgpt-for-personal-finance-will-let-you-connect-bank-accounts/Introducing Claude for Small Businesshttps://www.anthropic.com/news/claude-for-small-businessSasha Orloff (Puzzle) LinkedIn Post: Klarna, AI Agent Costs, and Accounting Quality Riskhttps://www.linkedin.com/in/sashaorloffKlarna Reverses Course on AI Customer Support, Resumes Human Hiringhttps://www.customerexperiencedive.com/news/klarna-reinvests-human-talent-customer-service-AI-chatbot/747586/Khosla Ventures Is Betting $10M on Ian Crosby, Whose Last Startup Bench Implodedhttps://techcrunch.com/2026/05/14/khosla-ventures-is-betting-10m-on-ian-crosby-whose-last-startup-bench-imploded/How Intuit Plans to Ride Out the 'SaaS-pocalypse' (CFO Brew Interview with CTO Alex Balazs)https://www.cfobrew.com/stories/2026/04/14/intuit-cto-alex-balazs-saas-pocalypseNeed CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring The Accounting Podcast? For details, read the prospectus.Need Accounting Conference Info? Check out our new website - accountingconferences.comLimited edition shirts, stickers, and other necessitiesTeePublic Store: http://cloudacctpod.link/merchSubscribeApple Podcasts: http://cloudacctpod.link/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastClassifieds REFRAME 2026 - http://accountingpodcast.promo/reframe2026Flowglad - https://cal.com/team/flowglad/flowgladWant to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Let the liste...
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    58 mins
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